Can I retire at age 30 with 530,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$43,767$43,377$42,997$42,625$42,263$41,580
2 years$21,667$21,263$20,872$20,493$20,125$19,439
3 years$14,301$13,896$13,506$13,130$12,768$12,100
4 years$10,619$10,215$9,829$9,459$9,106$8,462
5 years$8,410$8,009$7,627$7,266$6,923$6,303
6 years$6,938$6,540$6,164$5,811$5,478$4,884
7 years$5,887$5,492$5,122$4,777$4,455$3,887
8 years$5,099$4,708$4,344$4,007$3,696$3,154
9 years$4,487$4,099$3,742$3,413$3,112$2,596
10 years$3,997$3,613$3,262$2,942$2,652$2,161
11 years$3,597$3,216$2,872$2,561$2,281$1,814
12 years$3,263$2,887$2,549$2,246$1,976$1,534
13 years$2,981$2,609$2,277$1,983$1,723$1,305
14 years$2,740$2,371$2,046$1,760$1,511$1,115
15 years$2,531$2,166$1,847$1,570$1,330$956
16 years$2,348$1,988$1,675$1,406$1,176$823
17 years$2,187$1,830$1,524$1,263$1,042$710
18 years$2,044$1,691$1,391$1,138$927$614
19 years$1,916$1,568$1,274$1,028$826$532
20 years$1,801$1,457$1,169$931$738$462
21 years$1,697$1,357$1,075$845$660$402
22 years$1,603$1,267$991$769$592$350
23 years$1,517$1,185$915$700$531$305
24 years$1,439$1,110$846$638$478$266
25 years$1,366$1,042$784$583$430$232
26 years$1,300$979$727$533$387$203
27 years$1,238$921$675$488$349$177
28 years$1,181$868$627$447$315$155
29 years$1,128$819$584$410$284$136
30 years$1,079$773$544$376$257$119
31 years$1,033$731$507$346$232$104
32 years$990$692$473$318$210$91
33 years$949$655$442$292$190$80
34 years$911$621$413$269$172$70
35 years$875$589$386$247$156$61
36 years$842$559$361$228$141$54
37 years$810$531$338$210$128$47
38 years$780$505$316$193$116$41
39 years$752$480$296$178$105$36
40 years$725$456$278$165$95$32
41 years$699$435$261$152$87$28
42 years$675$414$244$140$79$25
43 years$652$394$229$129$71$22
44 years$630$376$215$119$65$19
45 years$609$358$202$110$59$17
46 years$589$342$190$102$53$15
47 years$570$326$178$94$48$13
48 years$552$311$168$87$44$11
49 years$534$297$158$80$40$10
50 years$517$284$148$74$36$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $530,000, adding $3,841 every year, while hoping to spend $36,558 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 42/41/17 Blend
29$530,000$530,000$530,000$530,000
30$588,022$559,932$551,717$609,643
31$609,103$548,471$531,302$613,826
32$631,109$535,224$508,978$614,475
33$654,095$520,063$484,642$614,405
34$678,123$502,856$458,187$613,566
35$703,256$483,461$429,502$611,910
36$729,566$461,728$398,468$609,383
37$757,129$437,500$364,964$605,932
38$786,027$410,609$328,861$601,500
39$816,351$380,878$290,027$596,029
40$848,198$348,119$248,322$589,460
41$881,672$312,136$203,599$581,731
42$916,891$272,719$155,708$572,779
43$953,979$229,646$104,489$562,539
44$993,071$182,686$49,776$550,945
45$1,034,318$131,591$0$537,929
46$1,077,880$76,100$0$524,984
47$1,123,934$15,940$0$520,217
48$1,172,674$0$0$514,552
49$1,224,308$0$0$530,144
50$1,279,069$0$0$554,339
51$1,337,206$0$0$580,061
52$1,398,995$0$0$607,435
53$1,464,736$0$0$636,601
54$1,534,759$0$0$667,708
55$1,609,423$0$0$700,922
56$1,689,124$0$0$736,426
57$1,774,294$0$0$774,417
58$1,865,407$0$0$815,113
59$1,962,983$0$0$858,755
60$2,067,592$0$0$905,603
61$2,179,859$0$0$955,947
62$2,300,470$0$0$1,010,102
63$2,430,179$0$0$1,068,415
64$2,569,813$0$0$1,131,268
65$2,720,280$0$0$1,199,078
66$2,882,577$0$0$1,272,307
67$3,057,801$0$0$1,351,459
68$3,247,156$0$0$1,437,089
69$3,451,964$0$0$1,529,809
70$3,673,681$0$0$1,630,290
71$3,913,907$0$0$1,739,270
72$4,174,399$0$0$1,857,560
73$4,457,091$0$0$1,986,054
74$4,764,111$0$0$2,125,734
75$5,097,796$0$0$2,277,680
76$5,460,722$0$0$2,443,080
77$5,855,719$0$0$2,623,243
78$6,285,903$0$0$2,819,608
79$6,754,703$0$0$3,033,760
80$7,265,890$0$0$3,267,441
81$7,823,618$0$0$3,522,572
82$8,432,457$0$0$3,801,264
83$9,097,439$0$0$4,105,843
84$9,824,103$0$0$4,438,871
85$10,618,546$0$0$4,803,165
86$11,487,482$0$0$5,201,831
87$12,438,304$0$0$5,638,285
88$13,479,152$0$0$6,116,294
89$14,618,988$0$0$6,640,000
90$15,867,684$0$0$7,213,969
91$17,236,110$0$0$7,843,230
92$18,736,238$0$0$8,533,317
93$20,381,254$0$0$9,290,332
94$22,185,680$0$0$10,120,990
95$24,165,511$0$0$11,032,691
96$26,338,368$0$0$12,033,586
97$28,723,657$0$0$13,132,652
98$31,342,757$0$0$14,339,779
99$34,219,218$0$0$15,665,863
100$37,378,982$0$0$17,122,905